Quote:
Originally Posted by Evil Chris
Certainly true. For decades, Canadian stores have been accepting US dollars at the daily exchange rate or close to it.
All I am saying is that, as a courtesy, a retail store might (should) consider taking their neighbour's currency at a reasonable daily rate of exchange.
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I guess it does represent another opportunity for profit... and one that the fine people of Mexico seem to take advantage of.
Even the banks down there turn a hefty profit off of Americans in that regard. It seems that just by visiting an ATM machine in Ensenada, you lose more than 10% of your currency's value.
But I think the perception might be that those sort of business practices are a bit shady... and American retailers may try to distance themselves from that sort of perception.